This can't be good news for AXP can it ?
U.S. consumer credit up, but credit card usage down
ReutersReuters – 21 minutes ago
WASHINGTON (Reuters) - U.S. consumer credit rose more than expected in August, but a third straight month of decline in credit card usage was consistent with recent tepid consumer spending.
Revolving credit, which mostly measures credit-card use, fell $883.41 million, declining for a third straight month.